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boyfriend and orchestrates a nationwide credit-card scheme. but the law closes in, and the fraud's alleged mastermind hits the road. [ tires screech ] february 2009. at the federal courthouse in sacramento, charles barksdale, a gang member turned scam artist, pleads guilty to running a massive bank fraud. barksdale and the mother of his child, neisha jackson, have run a network of scammers that stole more than $2.5 million from banks across the country. they've found there's a way to pull off a bank heist that's easier than using a gun. recently, "american greed: the fugitives" spoke with barksdale from a federal prison, where he said he always knew how the scam would end up. barksdale gets nearly 11 years in prison, but prosecutors say, in truth, jackson was the brains behind the scheme, and is facing a sentence that fits her role as the scam's alleged leader. >> neisha jackson was looking at some years. there's no doubt about it. >> narrator: matthew segal is an assistant u.s. attorney in sacramento who prosecuted barksdale. in october 2011, he's back in court, ready to put this massive
's one of the reasons why we have laws about how often, how many days in a row that banks can be closed, et cetera, so this is a big issue. >> yeah. nobody wants the appearance that they are in the able to actually open. the big thing is they have got to be able to convince their people that it's safe for everybody just to come in. once that happens, they are going to open immediately. >> and, of course, we can see pictures that we're looking at right now. that's the reason we won't see trading at the new york stock exchange. now correspondent scott cohn who has been watching the flooding throughout the day. scott? bill and michelle, this is what storm surge looks like. that is supposed to be the battery. it is underwater now, and they have told us that we could get another five feet of water as the tide comes in. the winds picking up here. this is not the greatest place to be. we are, of course, in the zone "a," the evacuation zone in new york city, and can you definitely see why that is. police have been patrolling back and forth here because there have been a lot of onlookers and the
? lastly, my father-in-law, my uncle both early 60s think our economy will die if the president barack obama wins a second election. your opinion? thank you. >> i'm not a political guy. don't care for that question. marathon, i like. let's go to rob in florida. rob. >> caller: my stock is ssys. >> yeah, you know, we looked at this company before. it's digital manufacturing. i am not going to opine on it. i've got to do more work on it. i'm not fresh enough on it. i promise you, i'll get back. matt in new york. matt? >> caller: yes. hi, jim, i want to give you a big boo-yah from up state new york. nye capital management. >> this is tough because mike farrell is no longer at the helm, but they assure me that the group that are running it now are excellent, that's after i said i'm a little nervous because mike is not there. mike unfortunately passed away. but the team is a good one. no need to sell. no need to sell. let's go to greg in mississippi. greg? >> caller: thank you for taking my call, mr. cramer. quick question, nordic american tanker, nat. >> you can't be in the tanker stocks.
amounts of tax over the years in europe. we feel 100% assured that we are well within the law, and we feel once we're able to tell our story, all of this will be rectified. i think the authorities will give starbucks the kind of the respect we deserve. >> okay. well, we'll keep watching on that. i know this is developing. we'll come back to that. here we are a couple of days away from the election, howard. you were very, very vocal over the last year about getting our fiscal house ensuring that our leaders actually lead, which of course many people were very disappointed in, particularly congress, on that fiscal cliff. tell me how things are today and what you expect out of the election on tuesday. >> well, i think we still have significant issues in terms of the need for bipartisan efforts. i think in the last few days with the unfortunate situation with hurricane sandy, it's ironic that we saw fantastic leadership by both the president and governor christie. i think we saw the very best of president obama, not only leading, but leading with a deep sense of humanity. as a lifelong drremoc
have a society built on rule of law, enforcement of private contracts and understandings of what outcomes are going to be, when all of a sudden the governor decides fcht iat, what does that do to future insurance rates and the future of the availability of insurance? >> those are excellent questions. of course when we have a situation like this where after thing have been approved and insurers have set their rates and have made their agreements and bar gibbs on the basis of the availability of these dedubltth ductables and then we return after the fact we won't have them, that has definite consequences for consumers and insurers in terms of insurers needing to look are these going to be veil. it doesn't appear as if they are and yet we set our premiums on the basis of them. >> and then the consumers get in cheap and create a moral hazard to go right back and build against the shore line without any power. you create a moral hazard. i got to get out of here. in the last couple of esegments quu know attacking insurance companies and utility companies. i don't hear anything construc
. there used to be laws against that. the old bank act of 1932. >> i think you can make an argument that there wasn't a sufficiently broad back-up plan. if you look at it this way, in my opinion, there is nobody who's going to be trading. trading was going to be so extraordinarily thin, without having major market participants. what's the point in opening the markets then when you could have some -- there's not a lot of people to deal with it in case something goes wrong. there's a lot of issues about whether or not the market could be bandied around by other kinds of people. >> and you immediate to sneed t here of safety. this is a big storm as we've all been emphasizing here. and the people who would have to go downtown to be a part of the trading prices -- not talking about at the exchange. i'm talking about those trading floors that exist down, if not in zone a, just out of zone a in southern manhattan. they would have to go down there, maybe spend the night, but they would be in a high-risk area and you cannot do that to send a message out there. when on the one hand you're war
and operated by local business people. in the state of florida, there's a law that every station has to be wired for generators, and that occurred over many years. you can't instantly fix this problem with generators. and so, as i've been saying all week, if there's damage at the refineries, you're going to have a supply problem, but there's enough inventory to take care of immediate needs. the colonial pipeline helps the immediate needs but there can be damage at the ports. and so the ports get a lot of imports. but the overall supply should not be the problem. it is getting the gasoline to the point of purchase and then having the ability to purchase and with so much electricity out of order, gas stations are just as impacted as a person's household or retail store. so you've got to get the electricity back up. and i would submit that instant generators is not a fix. >> well, we hope the situation gets cleared up soon for the sake of all the drivers who are sitting in those lines of several hours. thanks so much. talk to you again soon. >>> still to come -- the airports are startin
. they are starting to bring son-in-law up, at about 40% capacity today, but the problem is big terminals like this still don't have power, still aren't out. so even if you lift the jones act and allow other tankers to come in, until these terminals get power to start pumping that gasoline and other products, it's really going to just cause another bottle neck on the water rather than at these terminals. the one thing that people are waiting for is for that power to come back. we did contact imtt. they're not making any statements at this time as to when they believe they will resume the oil and products that are coming in are going out to other areas like long island up to connecticut and over to boston. that's what bob bashard, the executive vice president said, the few barges that are coming in today, that's where that gasoline is headed. but the big problem continues to be power. back to you guys. >> major power companies struggle to try to get back online, to get these terminals able to deliver gasoline to the exact lines. that's the critical issue, as you say. getting these tankers into
what's happened i would be all for it. the law enforcement, nose issue. so much law enforcement has to be devoted to the marathon. >> the gas lines there have been looting in coney island and other places. >> with bloomberg the decisions he's making, starting to remind me of like, i don't know, a mubarak or somebody who has been in power for too long and just whatever he thinks, he doesn't even think about it for that long before he says this is the way it's going to be. the soda thing was ridiculous. >> his decisiveness made people like him. no dithering around. >> how about you change the rules. >> he was reelected. >> i know that. >> so was chavez and castro. there's a lot of people. >> we've had him on our own show if he ran for president they'd love to vote for him, a lot of people in the business community. >> he supposedly looked into the run and chose not to run. >> he's not a republican. he's barely an independent. >> he's new york city. >> he just endorsed obama. but to say i'm endorsing obama because of sandy and climate change it's totally irresponsible. the intergovernm
with any of our polling locations. all of our local board of elections are required under state law to file emergency plans for alternative voting sites, alternative paper ballot options. all kinds of contingencies are planneded for should something occur and we don't foresee any of those things happening, but i just want to reassure folks that in case something does happen, we're still prepared for that. >> if i am an ohio resident and i have cast my vote by mail, should i be concerned that during the hurricane, there's been in disruptions in the mail? what has been done to make sure those ballots are safe and secure? >> we have not experienced any disruption of postal service delivery as it relates to our ballots. in ohio if you have cast a ballot by mail and you're uncertain, you can actually contact the board of elections and they can verify that your ballot has been received and if it has not, they can accommodate you in another way. voters can validate the receipt of their ballots and we make it one of the most convenient -- we have accommodated the states for 35 days, we have had 1.2
when it comes to new orleans, right to mexico. the reason for that is we have a law that prohibits our ships from moving -- other people's ships. the jones act. the other thing is, we have a gigantic amount of refining capacity in the midwest and don't have the pipes to get it to the east. their gasoline will probably go down. probably go down even more. our infrastructure is set up from before we were any good at producing energy. >> or distributing energy. >> yeah. we didn't think we had it. >>> still ahead this morning, co-founder and former ceo of costco jim sinegal is with us live. the election effect on this storm. effect from retailerretailers. how do you go about establishing a logistical plan? a lot more "squawk on the street" in just a minute. oh, hey mike. what are you up to? oh, just diagramming this accident with my state farm pocket agent app. you can also get a quote and pay your premium with this thing. i thought state farm didn't have all those apps? where did you hear that? the internet. and you believed it? yeah. they can't put anything on the internet that isn't tru
response community, everybody from the national guard to the red cross volunteers to local law enforcement, state police, department of transportation, natural resources, all of those people have done a great job. >> what does a governor do? were you up all night? >> i was not up all night. i was out all day yesterday up very late the night before, and you know, basically last night on the phone a lot with -- >> at the mansion? >> actually at my house. >> did you lose power? >> we did have power. i was surprised we had power. >> you did have power. >> we did have power, but 40,000 plus people still without power so that's a lot in a state of our size. our population is 900,000 people. >> exactly. all right, governor, we appreciate it. thanks for your time this morning and good luck. >> thanks a lot. >> you're right, anything to be cleaned up, i never thought we'd clean up from the snowstorm last year so as long as you're there to clean it up you're ahead of the game. >>> coming up, one report that didn't get swept away by sandy, we've got it this morning, ford motor their quarterly results
Search Results 0 to 14 of about 15 (some duplicates have been removed)